房地产市场和消费市场对储蓄分流效应的实证研究  

An Empirical Study on the Effects of Both Real Estate Market and Consuming Market on Household Deposit Decreasing

作　　者：伍伟[1] 戴晓凤[1] 

机构地区：[1]湖南大学金融学院

出　　处：《财经理论与实践》2007年第5期8-12,共5页The Theory and Practice of Finance and Economics

基　　金：湖南省社科基金研究项目(S06Q70185)

摘　　要：近年来储蓄存款一直快速增长,虽然最近证券市场的繁荣暂时对储蓄存款形成了较为显著的分流作用,但是,一旦证券市场趋势逆转,流向证券市场的储蓄资金很快就会回流。因此,研究储蓄存款在证券市场之外的分流具有重要意义。消费市场交易和房地产市场交易虽然没有很强的储蓄分流效应,但是具有长期影响。尤其是房地产市场的影响,更值得关注。In recent years, the household deposit has been rapidly increased. Although the recent prosperity of stock market has caused the move of money from bank to stock market and thus a sharp decreasing of household deposit, once the market trend reversed, the money will go back into banks very soon. Therefore, it is significant to study other attractions and their distribution function of the big amount of household deposit in China. This empirical study shows that the consuming market and the real estate market are two important attractions for household deposit. Although the consuming market and the real estate market couldn＇ t have very strong effect on household deposit＇ s diffluence in a short time, but in a long term, the effect, in particular, the effect of real estate market to the decrease of household deposit will be considerable.

关 键 词：房地产市场 消费市场 储蓄分流 脉冲响应 方差分解 

分 类 号：F832[经济管理—金融学]